The study in turnaround situations to small and medium enterprises (SME) in Taiwan
Abstract
The Taiwan economic in the past thirty years gains a very positive reputation in the world. They said it¡¦s a miracle for such a small territory country shows its powerful activities. There are more than 97% small to medium enterprises in Taiwan. The flexibility and efficiency of the SME impresses us.
Recently the world business circumstances changed. A new theory of ¡§Transferable Social Resource¡¨ indicates why many Taiwan manufactory makers move their production line to China. Those local SME has to find a new way to face the challenge of the business circumstance. Each turnaround becomes the important choice of SME. This study is to show the organizational crisis before change, the forces to make changing decision, the process of turnaround, and how the changing influences the special relationship among business net. And we found:
1. Organizational crisis
¢¹ Poor inner management: for example, none participating type organization; the weakness in financial management
¢º External reasons for decline
¢» The poor communications inside the organization, A timing solution of it is important to solve problems, The Prejudice of the CEO in favor of either side will hurt the relationship to worse situation.
¢¼ The confidence between the associates becomes the basic factor to develop the organizational capability.
2. The process of turnaround
¢¹ How to finish the old business
¢º Some CEO may not face the financial problems as an important factor before the changing
¢» The confidence of those financial supporters may become the key point whether it is a successful turnaround.
¢¼ The destructive costs include (1)The request of exchanging by cash. (2) The payments of orders were transferred late. (3) The shortage of cash under certain cases.
¢½ The way SME solve financial problem is to lend money from their relatives or friends.
¢¾ A CEO gave his company¡¦s stock to the key staffs of the company under organization crisis.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0824101-144659 |
| Date | 24 August 2001 |
| Creators | Lai, Chin-Lin |
| Contributors | Shyh-Jer Chen, Cheng-Chen Lin, Chin-Kang Jen |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0824101-144659 |
| Rights | unrestricted, Copyright information available at source archive |
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